SEQUOIA HOSPITAL FOUNDATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

TOM CORTOPASSI

Phone

6503675657

Tax Period

2024-07-01 to 2025-06-30

SEQUOIA HOSPITAL FOUNDATION, founded in 1982, is a mid-sized nonprofit in the Health Care sector that reported $14.3M in total revenue in fiscal year 2024. Revenue surged 269% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.1M, a strong 64% operating margin.

Mission

THE MISSION OF SEQUOIA HOSPITAL FOUNDATION IS TO DEVELOP AND SECURE FUNDS AND OTHER RESOURCES, TO ENCOURAGE AWARENESS OF THE ONGOING NEEDS AND CAPABILITIES OF SEQUOIA HOSPITAL, AND TO ASSIST SEQUOIA HOSPITAL IN REACHING ITS GOALS AND OBJECTIVES.

Program Service Accomplishments

Program 1

Expenses: $4,776,034

THROUGH ONGOING CAMPAIGNS, ANNUAL APPEALS, SPECIAL EVENTS AND GENEROUS UNSOLICITED CONTRIBUTIONS, SEQUOIA HOSPITAL FOUNDATION (THE FOUNDATION) IS ABLE TO SUPPORT PATIENT CARE, PROGRAMS AND FACILITIES AT SEQUOIA HOSPITAL (THE HOSPITAL). IN CLOSE ALIGNMENT WITH THE HOSPITAL'S STRATEGIC PLAN, THE FOUNDATION RAISES FUNDS AND MAKES GRANTS TO MEET IDENTIFIED HOSPITAL NEEDS. IN ADDITION, THE FOUNDATION IS ACTIVELY RAISING FUNDS TO SUPPORT THE SERVICE LINES AT SEQUOIA HOSPITAL, INCLUDING THE HEART & VASCULAR INSTITUTE, BIRTH CENTER, AND KENNETT NURSING SCHOLARSHIP.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,666,389

Program Service Revenue $0

Investment Income $667,908

Other Revenue $-71,048

TOTAL REVENUE $14,263,249

Expense Breakdown

Grants Paid $4,776,034

Salaries & Benefits $0

Fundraising Expenses $153,227

Program Expenses $4,776,034

Other Expenses $399,621

TOTAL EXPENSES $5,175,655

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,263,249	$3,867,774	+2.7%
Expenses	$5,175,655	$3,734,484	+0.4%
Net Income	$9,087,594	$133,290	+67.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$342,948

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEVERLY JOYCE MD	CHAIR UNTIL 06/25	1.00	Officer Director	$0	$0	$0
PARAAG MARATHE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TOM CORTOPASSI	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
LISA BRENNAN	BOARD MEMBER UNTIL 06/25	1.00	Director	$0	$0	$0
SABRINA FRANCIS	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM GRAHAM	BOARD MEMBER UNTIL 06/25	1.00	Director	$0	$0	$0
TED HANNIG	BOARD MEMBER	1.00	Director	$0	$0	$0
BERNADETTE MELLOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
SYLVIA NELSON	BOARD MEMBER UNTIL 06/25	1.00	Director	$0	$0	$0
JULIE SAN FILIPPO	BOARD MEMBER	1.00	Director	$0	$0	$0
MARISA SAN FILIPPO	BOARD MEMBER	1.00	Director	$0	$0	$0
MARYLUE TIMPSON	BOARD MEMBER UNTIL 06/25	1.00	Director	$0	$0	$0
DARLENE WOODSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JANINE VALINE	BOARD MEMBER AS OF 07/24	1.00	Director	$0	$0	$0
NORMAN DEWILL	BOARD MEMBER AS OF 07/24	1.00	Director	$0	$0	$0
DONNA MCKINNEY	BOARD MEMBER AS OF 07/24	1.00	Director	$0	$0	$0
MILAN PARIKH	BOARD MEMBER AS OF 07/24	1.00	Director	$0	$0	$0
NILIMA RAGAVAN	BOARD MEMBER AS OF 07/24	1.00	Director	$0	$0	$0
PAUL HANK SCHERF	BOARD MEMBER AS OF 07/24	1.00	Director	$0	$0	$0
JOSEPH YAPAOLA	BOARD MEMBER AS OF 07/24	1.00	Director	$0	$0	$0
LINDSEY HINCKS	PRESIDENT	40.00	Officer	$314,234	$28,714	$342,948
ERIN CALLAGHAN	PHILANTHROPY OPERATION MAN	40.00	Highest	$136,825	$327	$137,152
SUKHIE BAL	DIRECTOR OF DEVELOPMENT UNTIL 11/24	40.00	Highest	$109,420	$0	$109,420

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$14,263,249	$5,175,655	$39,179,133	$9,087,594
2024	$3,867,774	$3,734,484	$27,624,798	$133,290
2023	$2,112,248	$3,413,973	$24,845,432	$-1,301,725
2022	$5,009,692	$4,026,030	$24,695,467	$983,662
2021	$11,905,138	$4,547,963	$27,254,415	$7,357,175
2020	$1,551,369	$3,516,785	$16,508,177	$-1,965,416
2019	$2,521,002	$4,784,021	$18,224,555	$-2,263,019